H&R REIT: Mixed Q1 2024 Financials

H&R Real Estate Staple (TSE:HR.UN) has released an update.

H&R Real Estate Investment Trust reported a decrease in net operating income by 3.2% for Q1 2024, largely due to property sales, although same-property net income increased across various segments. Funds From Operations per unit slightly dropped to $0.30, and overall portfolio occupancy remained strong at 96.4%. The company also showcased a robust liquidity position with over $805 million as of March 31, 2024.

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